Discover what a log-normal distribution is, its financial applications, and how to calculate it, including using Excel for practical financial analysis.

Excel uses the function RAND () to return a random and uniformly distributed number between 0 and 1, every time the worksheet is calculated. If you are analyzing how fluctuations in sales will ...

The agreement between the empirical and the normal distribution functions in Output 2.1.1 is evidence that the normal distribution is an appropriate model for the distribution of breaking strengths.